Pro on-chain DeFi and NFT analytics platform Parsec has secured $4 million in an investment round. Sharing the news on X, the crypto-facing analytics platform revealed that the investment round was led by billionaire pro-crypto investor Mike Novogratz’s Galaxy Digital.Other key investors include the popular decentralized exchange (DEX) and automated market…

The Stellar Development Foundation (SDF) has announced its initiation of security checks for Soroban, the advanced smart contract platform within the Stellar network. This is in anticipation of Soroban’s launch.To carry out these comprehensive security audits, SDF has teamed up with Certora, a renowned security firm known for its formal…

Crypto startup Launchpad XYZ has successfully raised more than $1.88 million in its ongoing crypto presale, setting the stage for its much-awaited platform debut later in 2023. The platform will serve as a multifaceted web3 ecosystem, offering services that range from educational resources for newcomers to sophisticated trading tools for experienced…

Wednesday, October 11th, 2023 – Pepe’s price has dropped another 5% while the latest hot meme coin, Meme Kombat, raises $453,000 as investors buy into its gaming vision of battling meme characters.The struggles of Pepe to stay relevant continue, even though it is still the third-largest meme coin by market…

In response to the recent regulatory challenges faced by Bitfinex, iFinex Inc., the Hong Kong-based parent company, is set to repurchase shares worth $150 million from its shareholders, constituting approximately 9% of the company’s total outstanding capital. This move, reported by Bloomberg on October 10, aims to provide iFinex with…

Popular US supermarket chain Trader Joe’s has sued decentralized exchange (DEX) Trader Joe for federal trademark infringement.According to the filing, the DEX’s branding is designed to allow it to profit from the supermarket’s reputation by “causing confusion as to the source, sponsorship, affiliation, or endorsement” of the DEX’s website and…

India’s Central Board of Direct Taxes (CBDT) has collected more than 100 crore INR ($12 million) from one percent TDS (Tax Deducted at Source) on crypto transactions in this financial year.  The Indian government had implemented one percent direct tax on all crypto transactions from July 1, 2022. In an interview with…

Former FTX boss Sam Bankman-Fried had written a draft Twitter thread to announce the possible closure of his hedge fund Alameda Research. The thread, which was drafted in September 2022, reveals that Bankman-Fried considered announcing the closure of Alameda Research, the trading firm he co-founded, just two months before the collapse of FTX.During the trial, FTX…

More Chinese banks are issuing loans in the digital yuan, the nation’s central bank digital currency (CBDC), as e-CNY corporate financing options diversify.Per Nanhai Net (via Hainan News), the latest development has taken place on the island province of Hainan, in the city of Sanya.The media outlet reported that the…

yPredict, an AI trading platform, is progressing through the stages of its crypto presale. As of writing, the platform is in Stage 7 of its token sale, having raised $4,195,330.35 toward its final target of $6,507,551.The platform distinguishes itself by offering a comprehensive set of AI-based trading tools, including but…